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Zimbabwe Bank Chief: Don’t Indigenize Foreign Banks

Posted July 5th, 2012 at 8:45 am (UTC-5)
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The head of Zimbabwe’s central bank has warned the government against its plan to make foreign banks give up majority shares in their local operations. A government notice published this week said foreign banks and other firms have one year to transfer a 51 percent stake to black Zimbabweans. In a statement Wednesday, Gideon Gono […]

Zimbabwe Bank Chief: Don’t Indiginize Foreign Banks

Posted July 5th, 2012 at 7:50 am (UTC-5)
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The head of Zimbabwe’s central bank has warned the government against its plan to make foreign banks give up majority shares in their local operations. A government notice published this week said foreign banks and other firms have one year to transfer a 51 percent stake to black Zimbabweans. In a statement Wednesday, Gideon Gono […]

Tags: , , Posted in Africa

Obama Signs Bill Easing Rules on Small Businesses

Posted April 5th, 2012 at 4:35 pm (UTC-5)
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U.S. President Barack Obama has signed into law a bill making it easier for new businesses to raise money from investors. Mr. Obama said at a White House signing ceremony Thursday that credit is tight in the current economy, making it almost impossible for new businesses to get started. He called the new law a […]

Tags: , Posted in US

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